Target | Acquirer | Value ($millions) | Synopsis |
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Cablevision Systems Corp | Altice NV | 9,945.8 | Altice NV (Altice) of Netherlands definitively agreed to acquire the entire share capital of Cablevision Systems Corp (Cablevision Systems), a Bethpage-based provider of cable television services, for $34.9 in cash per share, or a total value of $9.946 billion. Originally, Altice was rumored to be planning to acquire the entire share capital of Cablevision Systems. |
Sirona Dental Systems Inc | Dentsply International Inc | 5,484.1 | DENTSPLY International Inc (DII) definitively agreed to merge with Sirona Dental Systems Inc (SDS), a Long Island City-based manufacturer and wholesaler of dental equipments, in a stock swap transaction valued at $5.484 billion via a merger of equals. DII offered 1.8142 common shares per SDS share. Based on DII's closing stock price of $53.62 on 14 September 2015, the last full trading day prior to the announcement, each SDS common share was valued at $92.277. Upon completion, DII and SDS shareholders were to own 58% and 42% of the merged entity to be named Dentsply Sirona, respectively. |
Solera Holdings Inc | Vista Equity Partners LLC | 3,764.5 | Vista Equity Partners LLC definitively agreed to merge with Solera Holdings Inc (Solera), a Westlake-based provider of computer programming and data processing services, for $55.85 in cash per share, or a total value of $3.764 billion in cash in a leveraged buyout transaction. Originally, in September 2015, was rumored to be seeking a buyer for the company. Thoma Bravo LLC and Vista Equity Partners were rumored as potential bidders. |
Trilogy Investors LLC | Trilogy Real Estate Investment Trust | 1,125.0 | Trilogy Real Estate Investment Trust, jointly-owned by Griffin-American Healthcare REIT III Inc and NorthStar Asset Management Group Inc, definitively agreed to acquire a 96.4% interest in Trilogy Investors LLC, a Chicago-based owner and operator of senior healthcare campuses and SNF properties, for an estimated $1.125 billion. The consideration was to consist of $919.9 million and the assumption of $205.1 million in liabilities. |
TICC Capital Corp | TPG Specialty Lending Inc | 449.9 | TPG Specialty Lending Inc (TPG) planned to acquire the entire share capital of TICC Capital Corp (TICC), a Greenwich-based business development company, in a stock swap transaction valued at $449.91 million via an unsolicited offer. TPG offered $7.5 common share for every TICC share held. |
Schurz Communications Inc-Television and Radio Stations | Gray Television Inc | 442.5 | Gray Television Inc agreed to acquire the television and radio stations of Schurz Communications Inc, a Mishawaka-news and information publishing company, for an estimated $442.5 million in cash. |
Adept Technology Inc | Omron Corp | 199.3 | Omron Corp of Japan agreed to acquire the entire share capital of Adept Technology Inc, a Pleasanton-based manufacturer and developer of automation products, for $13 in cash per share, a total value of $189.395 million via a tender offer. |
One Source Networks Inc | GTT Communications Inc | 175.0 | GTT Communications Inc (GTT) definitively agreed to acquire One Source Networks Inc, an Austin-based developer of cloud-based communications solutions, for an estimated $175 million. The consideration was to consist of an estimated $175 million in cash and $10 million in GTT common shares. |
Matador Resources Co-Certain Natural Gas Gathering and Processing Assets | EnLink Midstream Partners LP | 143.0 | EnLink Midstream Partners LP definitively agreed to acquire certain natural gas gathering and processing assets of Matador Resources Co, a Dallas-based producer of crude petroleum and natural gas, ultimately-owned by Chesapeake Louisiana LP, for an estimated $143 million. |
Primatics Financial LLC | SS&C Technologies Holdings Inc | 122.0 | SS&C Technologies Holdings Inc planned to acquire Primatics Financial LLC, a McLean-based provider of management consulting services, from The Carlyle Group LLC, a unit of The Carlyle Group LP, for an estimated $122 million. |
InSite Vision Inc | Ranbaxy Pharmaceuticals Inc | 46.2 | Ranbaxy Pharmaceuticals Inc, a unit of Ranbaxy Laboratories Ltd of India, ultimately-owned by Sun Pharmaceutical Industries Ltd, agreed to acquire the entire share capital of InSite Vision Inc (InSite), an Alameda-based manufacturer of ophthalmic products, for $0.35 in cash per share, or a total value of $46.183 million in cash via a tender offer. The offer was conditioned upon at least a majority of InSite shares being tendered. |
Consolidated Systems Inc-Steel Decking Facilities | Steel Dynamics Inc | 45.0 | Steel Dynamics Inc acquired steel decking facilities from Consolidated Systems Inc, a Columbia-based manufacturer of sheet metal works, for $45 million. |
Reiten Television Inc-Television Stations(4) | Nexstar Broadcasting Group Inc | 44.0 | Nexstar Broadcasting Group Inc definitively agreed to acquire four television stations of Reiten Television Inc, a Minot-based radio network, for $44 million. |
NorthStar First Health LLC | Constellation Healthcare Technologies Inc | 18.0 | Constellation Healthcare Technologies (Constellation) Inc acquired NorthStar First Health LLC, a revenue cycle management service provider, for $18 million. The consideration was to consist of $11.478 million in cash and 2.992 million ordinary shares valued at $6.522 million. The shares were valued based on Constellation's closing stock price of $2.18 on 15 September 2015, the last full trading day prior to the announcement. |
First String Healthcare Inc | AMN Healthcare Services Inc | 10.5 | AMN Healthcare Services Inc acquired First String Healthcare Inc, a Costa Mesa-based provider of interim staffing and permanent placement services, for $10.5 million. The consideration consisted of $6.5 million in cash and up to $4 million in profit-related payments. |
Catalon Chemical Corp | General Steel Holdings Inc | 8.2 | General Steel Holdings Inc (GS) of China agreed to acquire an 84.5% interest in Catalon Chemical Corp, a Winston Salem-based manufacturer of metal stampings, in exchange for 13 million GS ordinary shares valued at $8.191 million. The shares were valued based on GS's closing stock price of $0.63 on 15 September 2015, the last full trading day prior to the announcement. |
Timberline Resources Corp | Waterton Precious Metals Fund II Cayman LP | 7.0 | Waterton Precious Metals Fund II Cayman LP of Canada, a unit of Waterton Global Resource Management Inc, agreed to acquire the entire share capital of Timberline Resources Corp, a Coeur D'Alene-based gold ore mine operator, for $0.58 in cash per share, or a total value of $6.96 million in a leveraged buyout transaction. |
Cloud Sherpas Inc | Accenture PLC | | Accenture PLC of Republic of Ireland agreed to acquire Cloud Sherpas Inc, an Atlanta-based provider of cloud advisory and technology services. Terms were not disclosed. |
Mformation Software Technologies Inc | Alcatel Lucent SA | | Alcatel Lucent SA of France acquired Mformation Software Technologies Inc, a Woodbridge-based developer of device management software, from Clearlake Capital Group LP, ultimately-owned by Reservoir Capital Group LLC. Terms were not disclosed. |
Starz | AMC Networks Inc | | AMC Networks Inc was rumored to be planning to acquire the entire share capital of Starz, an Englewood-based provider of cable television services. |
Norandex Building Materials Distribution Inc | American Builders & Contractors Supply Co Inc | | American Builders & Contractors Supply Co Inc definitively agreed to acquire Norandex Building Materials Distribution Inc, a Hudson-based wholesaler of exterior building products, from Cie de Saint-Gobain SA. |
Ian-Conrad Bergan LLC | Andrew W Byrd & Co LLC | | Andrew W Byrd & Co LLC acquired Ian-Conrad Bergan LLC, a Pensacola-based manufacturer and wholesaler of marine cargo monitoring and gauging equipment, in a leveraged buyout transaction. Terms were not disclosed. |
Mapsense Inc | Apple Inc | | Apple Inc was rumored to be planning to acquire Mapsense Inc, a San Francisco-based developer of mapping visualization software. |
E-on Software Inc | Bentley Systems Inc | | Bentley Systems Inc acquired E-on Software Inc, a Beaverton-based developer and wholesaler of 3D graphics software. |
Affordable Care Inc | Berkshire Partners LLC | | Berkshire Partners LLC was rumored to be planning to acquire Affordable Care Inc, a Raleigh-based provider of dental management services, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $800 million. |
Draker Inc-Monitoring Platform and Certain Assets | BlueNRGY Group Ltd | | BlueNRGY Group Ltd of Australia acquired monitoring platform and certain assets of Draker Inc, a Burlington-based provider of solar power systems monitoring and control services. |
Cargill Inc-Small Pack Specialty Business | Brenntag AG | | Brenntag AG of Germany acquired the small pack specialty business of Cargill Inc, a Minneapolis-based producer and wholesaler of grain and field beans, soybean oils, baked goods, cereals, beverages, chocolates, dairy, poultry, snacks, wet milled corn products, prepared animal feeds and meat products. |
Virpus Networks LLC | Cloud Equity Group LLC | | Cloud Equity Group LLC acquired Virpus Networks LLC, a Kansas City-based provider of web hosting services, from Wow Technologies Inc in a leveraged buyout transaction. Terms were not disclosed. |
Contingent Network Services LLC | Comcast Corp | | Comcast Corp acquired Contingent Network Services LLC, a West Chester-based provider of wide area network management services. |
Wheaton Industries Inc | DURAN Group GmbH | | DURAN Group GmbH of Germany, a unit of One Equity Partners LLC, acquired Wheaton Industries Inc (Wheaton), a Millville-based manufacturer of glass containers, from PNC Equity Partners II LP (PNC), ultimately-owned by Incline Equity Partners. Originally, in January 2015, PNC announced that it was seeking a buyer for Wheaton. |
Demibooks Inc | Educational Development Corp | | Educational Development Corp acquired Demibooks Inc, a Chicago-based developer of software. |
Chiefton Supply Co LLC | General Cannabis Corp | | General Cannabis Corp signed a letter of intent to acquire Chiefton Supply Co LLC, a Denver-based manufacturer and wholesaler of men's and women's apparel. |
Truck Bodies & Equipment International Inc | GenNx360 Capital Partners LLC | | GenNx360 Capital Partners LLC planned to acquire Truck Bodies & Equipment International Inc, a Beachwood-based manufacturer of dump bodies, landscape bodies, platforms, hoists and truck and trailer equipment and accessories, from Kirtland Capital Partners in a leveraged buyout transaction. |
Skylight Healthcare Systems Inc | GetWellNetwork Inc | | GetWellNetwork Inc, a unit of Welsh Carson Anderson & Stowe, acquired Skylight Healthcare Systems Inc, a San Diego-based developer of software. |
Cloud62 Inc | Huron Consulting Group Inc | | Huron Consulting Group Inc agreed to acquire Cloud62 Inc, a Buffalo-based provider of cloud-based application implementation services. Terms were not disclosed. |
Global Shippers Association LLC | IMC Global Solutions | | IMC Global Solutions, a unit of IMC Cos, acquired Global Shippers Association LLC, a Lenoir-based provider of logistics services. |
Miss Universe LP | IMG Worldwide Inc | | IMG Worldwide Inc acquired Miss Universe LP, a New York-based provider of international beauty competition organizing services, from Donald Trump. |
Coalfire Systems Inc | Investor Group | | An investor group comprised of The Carlyle Group LP and Chertoff Group LLC acquired an undisclosed majority interest in Coalfire Systems Inc, a Louisville-based provider of information technology audit, security and compliance services. |
Theiss Aviation Inc | Lauren International Ltd | | Lauren International Ltd acquired Theiss Aviation Inc (Theiss), a North Benton-based manufacturer of unmanned aerial vehicles. On completion, Theiss was renamed Theiss UAV Solutions LLC. |
First Carolina Corp Credit Union | Mid-Atlantic Corp Federal Credit Union | | Mid-Atlantic Corp Federal Credit Union agreed to merge with First Carolina Corp Credit Union, a Greensboro-based credit union. |
Murray Supply Co LLC | MORSCO Inc | | MORSCO Inc, a unit of Advent International Corp, acquired Murray Supply Co LLC, a Winston-Salem-based plumbing and heating equipment and supplies merchant wholesaler. |
Insignis Inc | MSCI Inc | | MSCI Inc definitively agreed to acquire Insignis Inc, a Chicago-based provider of outsourced data management services. Terms were not disclosed. |
Feingold O'Keeffe Capital LLC | NewStar Financial Inc | | NewStar Financial Inc definitively agreed to acquire Feingold O'Keeffe Capital LLC, a Boston-based provider of alternative asset management services. |
IHM Services Co Inc | Persivia | | Persivia acquired IHM Services Co Inc, a Burlington-based provider of clinical intelligence solutions services. |
Capsule Tech Inc | Qualcomm Life Inc | | Qualcomm Life Inc, a unit of Qualcomm Inc, acquired the entire share capital of Capsule Tech Inc, an Andover-based medical equipment and supplies merchant wholesaler, from Turenne Investissement SA, ultimately-owned by Turenne Capital Partenaires SA. |
Maggie Creek Project | Renaissance Gold Inc | | Renaissance Gold Inc acquired Maggie Creek Project, located in Nevada. |
Zonetail Inc | Revelstoke Equity Inc | | CANADA - Revelstoke Equity Inc signed a letter of intent to merge with Zonetail Inc, a Toronto-based developer of mobile application software. |
Air Product & Chemicals Inc-Materials Technologies Business | Shareholders | | Air Products & Chemicals Inc, an Allentown-based manufacturer and wholesaler of industrial chemicals, planned to spin off its materials technologies business to its shareholders. |
Looksery Inc | Snapchat Inc | | Snapchat Inc acquired Looksery Inc, a San Francisco-based developer of mobile application software. |
Unwind Me | Soothe Inc | | Soothe Inc acquired Unwind Me, a San Francisco-based provider of personal massage services. |
Architectural Railings & Grilles Inc | Staging Concepts Inc | | Staging Concepts Inc, a unit of Blackford Capital LLC, acquired Architectural Railings & Grilles Inc, a Fort Mill-based manufacturer of welded aluminum, glass and stainless steel railing systems. |
Tuee Inc | Stealz Inc | | Stealz Inc acquired Tuee Inc, a Durham-based developer of digital guest relationship management system applications. Terms were not disclosed. |
University Courtyard,Lubbock,Texas | Vesper Holdings LLC | | Vesper Holdings LLC acquired University Courtyard, a Lubbock-based apartment complex. |
Bevo Media LLC | Vize Capital | | Vize Capital acquired Bevo Media LLC, a Santa Clara-based developer of software, in a leveraged buyout transaction. |
US M&A Deals Announced September 13-September 18, 2015 | | | |
Source: Thomson Reuters | | | |